Tuesday, February 27, 2018

Baghdad Hassett is at It Again

The White House Council of Economic Advisers has put out a detailed 568-page analysis of the Trump administration’s economic outlook. The analysis projects out 3 percent growth through 2020.

“There's so much momentum in this economy,” said Kevin Hassett, chairman of the CEA, on Thursday.

“Right now, we're looking at an economy that's about as solid and as good as we've seen since before the financial crisis,” Hassett said.

There is about a 30% chance that Hassett's projections workout (and if they do they will likely be fudged numbers.) More likely Trump's trillion dollars deficits and accelerating price inflation will destroy the entire thing.